Understand how managers direct and control decentralized operations<\/li>\n<\/ul>\n<\/section>\n","rendered":"![\"icon](\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2025\/2017\/07\/01225024\/outcomes.jpg\")
<\/p>\n
The content, assignments, and assessments for Managerial Accounting are aligned to the following learning outcomes. A full list of course learning outcomes can be viewed here: Managerial Accounting Learning Outcomes<\/a>.<\/p>\nModule 1: Understand the nature of managerial accounting<\/h2>\n\n- Define Managerial Accounting<\/li>\n
- Assign costs to common cost categories<\/li>\n
- Describe the flow of manufacturing costs<\/li>\n<\/ul>\n
Module 2: Perform a cost-volume-profit analysis<\/h2>\n\n- Create a cost-volume-profit model<\/li>\n
- Use the contribution margin model for cost-volume-profit analysis<\/li>\n
- Distinguish between variable costing and full absorption costing<\/li>\n<\/ul>\n
Module 3: Describe standard cost systems and compute variances<\/h2>\n\n- Identify the objectives of a standard cost system<\/li>\n
- Identify Direct Cost Standards and Variances<\/li>\n
- Identify Indirect Cost Standards and Variances<\/li>\n<\/ul>\n
Module 4: Allocate manufacturing overhead to cost objects<\/h2>\n\n
\n
\n- Allocate manufacturing overhead using a single rate and a single base<\/li>\n
- Allocate manufacturing overhead using multiple allocation bases and rates<\/li>\n
- Allocate manufacturing overhead using Activity-Based Costing (ABC)<\/li>\n<\/ul>\n
Module 5: Explain job order costing and allocate overhead using job order costing<\/h2>\n\n- Understand the characteristics of job order costing<\/li>\n
- Assign costs to jobs<\/li>\n
- Account for completed jobs<\/li>\n<\/ul>\n
Module 6: Explain process costing and assign costs using process costing<\/h2>\n\n- Understand the characteristics of process costing<\/li>\n
- Assign costs to various stages of production<\/li>\n
- Account for costs assigned to each process<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n
Module 7: Describe and prepare budgets for operations<\/h2>\n\n- Identify objectives, procedures, and limitations of budgeting<\/li>\n
- Prepare an operating budget<\/li>\n
- Prepare a financial budget for a manufacturing company<\/li>\n
- Prepare a flexible budget<\/li>\n<\/ul>\n
Module 8: Describe factors that influence short-term decision making<\/h2>\n\n- Identify relevant information for short-term decision making<\/li>\n
- Establish a price for products and services<\/li>\n
- Decide which products to produce and sell<\/li>\n
- Understand the cost and benefits of outsourcing<\/li>\n<\/ul>\n
Module 9: Analyze capital investment alternatives<\/h2>\n\n- Describe the capital budgeting process<\/li>\n
- Identify the essential elements of a capital budgeting decision<\/li>\n
- Use basic capital budgeting tools to analyze investment options<\/li>\n
- Use time value of money to analyze investment options<\/li>\n<\/ul>\n
Module 10: Describe responsibility accounting<\/h2>\n\n- Understand the issues involved in managing decentralized operations<\/li>\n
- Compare and contrast cost, profit, revenue, and investment centers<\/li>\n
- Understand how managers direct and control decentralized operations<\/li>\n<\/ul>\n<\/section>\n","protected":false},"author":6,"menu_order":3,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc\",\"description\":\"Magnify\",\"author\":\"Eucalyp\",\"organization\":\"Noun Project\",\"url\":\"https:\/\/thenounproject.com\/term\/magnify\/1276779\/\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"original\",\"description\":\"Learning Outcomes\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":22,"module-header":"","content_attributions":[{"type":"cc","description":"Magnify","author":"Eucalyp","organization":"Noun Project","url":"https:\/\/thenounproject.com\/term\/magnify\/1276779\/","project":"","license":"cc-by","license_terms":""},{"type":"original","description":"Learning Outcomes","author":"","organization":"Lumen Learning","url":"","project":"","license":"cc-by","license_terms":""}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/pressbooks\/v2\/chapters\/25"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":0,"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/pressbooks\/v2\/chapters\/25\/revisions"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/pressbooks\/v2\/parts\/22"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/pressbooks\/v2\/chapters\/25\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/wp\/v2\/media?parent=25"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/pressbooks\/v2\/chapter-type?post=25"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/wp\/v2\/contributor?post=25"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/managerialaccounting\/wp-json\/wp\/v2\/license?post=25"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}